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Greetings, Ovathehill, and welcome. You wrote:

<<The question is - which to choose. Any thoughts?>>

With the term certain, you know absolutely that if you both die the kids may use the remaining period to spread out the payments and possibly keep income taxes to a minimum. With recalculation, it's entirely possible your wife could predecease you, so on your death the balance will be paid out within a year.

It's just me, but I prefer the bird in hand and would go with the term certain method.

Good luck to you as you work through this decision.

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